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Veros Announces Eighteen-month Market Valuation Forecasts

Apr 22, 2008

Proven forecasting technology expands market view with extended focus and HPI dat.

Santa Ana, CA - April 22, 2008 - Veros Real Estate Solutions recently released the results of the company's quarterly review of their forecasts for the nation's residential real estate markets covering the period from March 1, 2008 through March 1, 2009. Veros has been developing and releasing these quarterly forecasts since their first release in October, 2003, having four solid years of forecasting behind them. As Veros' Eric Fox, Director of Technology noted, "We've been releasing results over the past five years, in both up and down markets, and our models have been consistently accurate."

With that proven track record behind them, Veros is releasing an eighteen-month forecast with the same national coverage as the twelve-month forecast, single family residences in most major metropolitan areas and some non-metro areas resulting in coverage of 75% of the nation's population. With over 50 factors in its analytics to develop these trends, this makes the VeroFORECAST models the most accurate forecasts in residential real estate markets.

Additionally, with the new expanded forecast Veros is offering results of their HPI analysis, providing a historical basis option as well. As a result, users will now have the benefit of looking backwards for historical and current trend analysis, and even more critical in today's environment, looking forward towards what is likely to come and the financial realities associated with those events. Per Eric Fox, "The more information you have available, the more intelligent decisions you can make. With our two forecasts, what may look to be a risky transaction within the twelve-month forecast may prove to have less risk when seen in the context of an eighteen-month view, getting that long-time horizon with which to truly analyze the risk."

The eighteen-month forecast contains all the elements, detail and analysis of the twelve-month forecasts, including the two validation metrics, R-squared and Mean Absolute Error. These two metrics demonstrate that Veros is able to produce a forecast that is more accurate than their competitors; in business, having specific data in hand often means the difference between profit and loss.

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services, integrated into industry leading companies, are now optimizing millions of profitable decisions throughout the mortgage industry from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated and secured valuations, fraud and disaster risk detection, portfolio analysis, forecasting and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif.

About Veros Real Estate Solutions:

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. To order the VeroFORECAST update or receive information on other Veros analytic products and systems, visit www.veros.com or call (866) 458-3767.


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Category: Press Releases